Bank channel

I realize now why I like community banks. I liked them when I covered them as part of two previous jobs, and I like them now that they represent a large portion of our readership here.

The cultural divide between investment advisors and bankers has always been a deep one. Does it all boil down to jealousy? Here's how some are bridging the gap.

When Wolters Kluwer asked bankers recently which regulatory concerns keep them up at night, 46% said "regulatory reform" — referring to new rules stemming from the Dodd-Frank Act and the Consumer Financial Protection Bureau.

Bank of America is offering software to help small business clients manage their cash.

An Australian bank anticipates that IBM's Jeopardy-winning computer will help financial advisors provide quick yet valuable advice and some U.S. banks are ready to follow suit.

The new offerings bring the total number of Merrill Edge Select Portfolios to 12—the original 10 are primarily focused on total return.

Seeking a better way to share documents with wealthy clients, Exemplar Financial Network chose a Dropbox-like service with client-side encryption.

Citi's social media guru Frank Eliason offers insights into how to pick social media partners, while consultants and lawyers share what's needed in any vendor relationship.

A final handshake on Morgan Stanley’s acquisition of Smith Barney will tie up some lingering loose ends, including a smoother clearing process for client assets, for one of the largest wealth management industry deals in the past decade.

The addition of three sales directors in Miami, West Palm Beach and San Francisco are part of the wealth manager’s long-term campaign to boost its sales force by 50% by 2014.

Deloitte's yearlong exile from New York's financial services consulting scene is harming the reputation of its financial technology consulting business, according to two executives in charge of tech operations at banks.

Financial institutions should develop distinct service offerings for young investors that speak to them at their life stage.

Cetera will provide the Wells, Minn.-based bank with wealth management services and support, including the investing tools clients need.

The Bakersfield, Calif.-based financial institution was drawn to LPL’s retirement planning capabilities, technology platform and in-house insurance services.

In the first case of a state taking on bank consultants, New York regulators have banned Deloitte Financial Advisory Services from financial consulting for one year.

The nation's biggest banks are steeling themselves for a simulated cyberattack that organizers say will feel like the real thing.

The San Francisco-based regional bank says it plans to add as many as 100 people to the team over the next two years.

The bank extended portfolio management and asset allocation services to clients with $50,000 in investable assets. The services were previously only available to trust clients.

Wells Fargo Advisors has hired nine financial advisors from Morgan Stanley, Merrill Lynch and RBC Capital Markets with $1.12 billion in assets under management.

The public's confidence in U.S. banks is up five percentage points from a year earlier, to 26%, according to a poll released Friday by Gallup.